Fuller Landau team • November 04, 2022The Department of Finance has released new draft legislation on the Canadian trust reporting and filing requirements. Who’s impacted? The new legislation will impact the following types of trusts: Express trusts residents in Canada Bare trusts All non-resident trusts that currently file T3 returns An express trust is a trust that was created ... Read more
Fuller Landau team • October 19, 2022Employee stock options are a form of compensation that allow an individual to purchase a fixed quantity of shares at a fixed price. Stock option agreements granted after June 30, 2021, may be affected by new taxation rules proposed under Bill C-30. First announced as part of the 2019 Federal Budget, Bill C30 was later ... Read more
Jessica Hum • October 05, 2022Cryptocurrency or “crypto” has become a growing presence in today’s market. Constantly evolving, there is limited guidance on its tax treatment as the legislation attempts to catch up. Holders of cryptocurrency must understand the reporting obligations and Canadian tax considerations associated with it. When to report? Cryptocurrency should b ... Read more
Fuller Landau team • August 24, 2022Many Canadian businesses use depreciable capital assets such as machinery or equipment in their operations. As businesses grow and change, new capital property is acquired to improve processes or to replace old assets at the end of their useful life. For income tax purposes, the cost of eligible property can be deducted over time by ... Read more
Bruce Roher • July 21, 2022Employees are entrusted to safeguard and control bank accounts, receivables, inventory, and the books and records of the company. While most employees will never abuse this trust, those who do commit fraud schemes can cause organizations to suffer significant financial losses. Fraud perpetrated by employees is known as “occupational fraud”. The ... Read more
The Department of Finance has released new draft legislation on the Canadian trust reporting and filing requirements. Who’s impacted? The new legislation will impact the following types of trusts: Express trusts residents in Canada Bare trusts All non-resident trusts that currently file T3 returns An express trust is a trust that was created ... Read more